Costs that accrue to the total population are called ____ costs. Costs incurred by the producer or consumer who makes the decision are called ____ costs
a. negative; positive
b. social; private
c. private; social
d. positive; negative
b
You might also like to view...
Compared to a country with an MPS of 0.167, a country with an MPS of 0.5 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times
The value of money or income in terms of the quantity of goods the money can buy is called its
A) nominal value. B) marginal value. C) real value. D) implicit value.
If a regression equation has only one explanatory variable, say x1, its standardized coefficient must lie in the range:
A. -2 to 0. B. -1 to 1. C. 0 to 1. D. 0 to 2.
Gross Domestic Product measures
A. the total market value of final goods and services produced within a nation's borders. B. the total worth of all goods consumed within the borders of a nation. C. the total income received by residents of a nation. D. the total value of labor used in the economy.